Start A Remodelling Business - Business Ideas

Updated: September 15th, 2022
Start A Remodelling Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

A home remodeling business focuses on renovating or making additions to one's home. Architects oversee the home remodeling process and are responsible for coordinating with other home remodeling professionals to ensure their client's needs are met.

If you are an architect looking for a side income or even a primary income opportunity, consider starting a home & office renovation business.

Starting a remodelling business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell remodelling, or selling remodelling online, you can use this page as a guide for everything you'll need to know.

Key Stats

starting costs
$14.6K
gross margin
38%
avg product price
$27000
time to build
360 days

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$66

$700

Specific Industry Expenses

$500

$4,000

Software Expenses

$162

$2,795

Advertising & Marketing Costs

$0

$2,300

Total Startup Costs

$1,702

$29,062

Successful Businesses

Business URL Rank

Remodeling Cost Calculator

remodelingcalculator.org

290,468

ArmenianBD

armenianbd.com

300,508

National Association of the Remodeling Industry

nari.org

440,743

Kitchen Remodeling Dallas TX

elitehomeremodeling.com

588,396

Statewide

statewideremodeling.com

619,267

Las Vegas Remodel and Construction

lvremodel.com

1,102,814

AAA Remodeling

aaaremodelings.net

1,619,091

Realise Business

realise.business

1,788,013

Ethiopian Business Review – Magazine

ethiopianbusinessreview.net

1,799,419

CMF International – transforming lives + communities

cmfi.org

1,845,930

Omaha NARI

omahanari.org

1,883,936

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Meaningful business connections

You never know who you will meet as a remodelling business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Pick & choose the clients you work with

Remodelling Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Control of workload

With starting a remodelling business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.

Cons Description

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Low margins

The gross margins for your remodelling business are typically around 38%, which can make it more challenging to incur new expenses and maintain profitability.

High employee turnover

In the remodelling business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Stressful work

This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.

High overhead expenses

With starting a remodelling business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Marketing Ideas

  • 1

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

    Learn more about direct sales ➜

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

    Learn more about social media advertising ➜